ValuEngine upgraded shares of Kearny Financial (NASDAQ:KRNY) from a sell rating to a hold rating in a report issued on Wednesday.
Several other research analysts have also commented on KRNY. BidaskClub upgraded Kearny Financial from a sell rating to a hold rating in a research report on Tuesday, April 24th. Keefe, Bruyette & Woods reiterated a sell rating and issued a $13.50 price target on shares of Kearny Financial in a research report on Friday, February 2nd.
KRNY traded up $0.10 on Wednesday, hitting $14.15. The company had a trading volume of 430,351 shares, compared to its average volume of 471,621. The firm has a market cap of $1,107.75, a P/E ratio of 54.04 and a beta of 0.53. Kearny Financial has a 12-month low of $12.75 and a 12-month high of $15.60. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 0.81.
Kearny Financial (NASDAQ:KRNY) last released its quarterly earnings results on Tuesday, January 30th. The savings and loans company reported $0.06 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.06. The company had revenue of $30.10 million during the quarter. Kearny Financial had a return on equity of 2.00% and a net margin of 9.92%.
In other news, Director Leopold W. Montanaro acquired 4,000 shares of the firm’s stock in a transaction on Thursday, May 3rd. The stock was acquired at an average price of $14.09 per share, with a total value of $56,360.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Patrick M. Joyce sold 5,000 shares of the firm’s stock in a transaction dated Thursday, May 3rd. The stock was sold at an average price of $14.00, for a total transaction of $70,000.00. The disclosure for this sale can be found here. Company insiders own 3.78% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Two Sigma Advisers LP bought a new stake in Kearny Financial in the fourth quarter worth about $166,000. Jane Street Group LLC bought a new stake in Kearny Financial in the fourth quarter worth about $339,000. Salzhauer Michael bought a new stake in Kearny Financial in the fourth quarter worth about $349,000. B. Riley Financial Inc. bought a new stake in Kearny Financial in the first quarter worth about $390,000. Finally, Teacher Retirement System of Texas bought a new stake in Kearny Financial in the fourth quarter worth about $392,000. 65.22% of the stock is owned by institutional investors and hedge funds.
Kearny Financial Company Profile
Kearny Financial Corp. operates as the holding company for Kearny Bank that provides various banking products and services in the United States. It offers various deposit products, including interest-bearing and non-interest-bearing checking accounts, money market deposit accounts, savings accounts, and certificates of deposit accounts.
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